This community is a great place to connect with potential partners, mentors, and learn more about funding options.

You could use a 1031 to avoid that, but then you have the 1031 fees which would also eat in to your potential profits.

What neighborhoods have some of the best growth potential?

A loan option you could look into that will potentially preapprove you for more is a DSCR (Debt service coverage ratio) loan, which is based on the rental income of the investment property you are looking to purchase, instead of based on your personal income for a conventional loan.

This would allow you to be clear and avoid any potential risk of housing discrimination.

However, as with most investments, you should also know that along with the potential rewards come potential drawbacks, where substantial mistakes could have serious financial complications for you.

Approval will be based on income potential of property, your credit score, appraisal, down payment, the DSCR ratio - there are quite a few factors that play into the approval. 

If a potential buyer were to walk in there, it would be obvious that this tenant isn't renewing, and they'd be a fool to include that rent in their own underwriting numbers. 

So you already have a GREAT AGENT lined up and waiting to maximize your potential whether you’re buying or selling.

We're particularly interested in gaining knowledge in property analysis and expanding my network to collaborate on potential deals and learn from the experiences of seasoned investors.We're grateful for the opportunity to be a part of this community and look forward to contributing, learning, and growing together.